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Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Economic TimesEconomic Times · 1y ago
Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture
Medial

Cirkla, a US-based sustainable packaging company, has secured $3 million in a pre-seed funding round led by Matrix Partners India and Stellaris Venture Partners. The startup, founded earlier this year, offers eco-friendly packaging solutions to brands, helping them evaluate the environmental impact of packaging and create sustainable alternatives. Cirkla plans to use the funds to expand operations, enhance its salesforce, and invest in innovative technologies. The company aims to capitalize on the growing sustainable packaging sector, projected to exceed $500 billion by 2030. It follows a three-step strategy, including evaluating brand portfolios, creating designs, and managing global distribution.

Ukhi Raises 1.2 Million in Pre-Seed Funding

EntrackrEntrackr · 7m ago
Ukhi Raises 1.2 Million in Pre-Seed Funding
Medial

Biomaterials startup Ukhi has secured $1.2 million in a pre-seed funding round. The funding round combines equity investment led by 100Unicorns, along with participation from Venture Catalysts and angel investor Avtar Monga, alongside debt funding from SIDBI (Small Industries Development Bank of India). The Delhi-based company had previously raised $69.6K in an angel round. The fresh capital will be utilized to scale its production capabilities, advance its materials research, and expand its sustainable packaging solutions globally, Ukhi said in a press release. Co-founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi focuses on developing biodegradable biomaterials from agricultural residues. The company aims to empower the packaging industry with its patented, sustainable materials, contributing to the bioeconomy and helping industries transition to eco-friendly practices, fostering a circular economy in the process. It claims to have operations in Haryana and Uttarakhand. According to Ukhi, it has developed a compostable biomaterial that serves as the foundation for sustainable packaging products. The company's patent-pending technology leverages lignocellulosic agricultural residues to create scalable, sustainable materials that offer a viable alternative to traditional plastics. The startup aims to create impacts such as reducing plastic pollution, preventing crop burning, and advancing the circular economy. Ukhi aspires to create an impact with biodegradable and compostable packaging solutions made from agricultural waste, helping industries reduce their environmental footprint. It intends to help companies across industries transition to sustainable, circular solutions, significantly reducing their carbon footprints while driving industry-wide transformation. It may directly or indirectly compete with other players in this space like Traceless and Advanced Biomaterial Company (previously CIHC).

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

EntrackrEntrackr · 18d ago
Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital
Medial

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised Rs 90 crore (about $10.3 million) round led by Ashok Goel, former Managing Director of Essel Propack, along with Japanese venture capital firm ENRISSION INDIA CAPITAL. Prior to this, the company had raised $11.8 million from Blume Ventures and others. The proceeds will be utilized to accelerate innovation, scale manufacturing, and expand its presence in global markets including the Middle East and North America, according to a press release by Bambrew. Founded in 2019 by Vaibhav Anant, Bambrew develops planet-positive, high-performance alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper, and other natural resources. Its proprietary materials are home-compostable, durable, and scalable—designed to meet modern commerce demands without environmental compromise. Over the past year, Bambrew has expanded its product portfolio from garment bags and mailer bags to sustainable mango box packaging, reaching customers across sectors like FMCG, e-commerce, personal care, and food and beverages. With solutions such as high-barrier, plastic-free laminates and aluminum-free recyclable films, the company is helping over 500 brands transition away from traditional plastic and foil-based packaging. Bambrew plans to launch its direct-to-consumer (D2C) range, bringing its sustainable material innovation directly to environmentally conscious consumers. The new line of everyday packaging essentials will be available in the marketplace in the coming months. The company aims to achieve a revenue milestone of Rs 120 crore and profitability within the next 12 months. Bambrew also plans to diversify its product portfolio to serve fast-moving sectors like quick commerce and personal care, with a focus on performance-grade packaging materials that are both compostable and recyclable.

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunchTechCrunch · 1y ago
ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform
Medial

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

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